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RTNominal down15.760 -0.540 (-3.313%)

13/07/2021 17:56

Johnson Elec (00179) 1Q sales up 70% to US$877 million

[ET Net News Agency, 13 July 2021] Johnson Electric Holdings Limited (00179) said the
group's sales for the quarter ended 30 June 2021 were US$877 million compared to US$517
million for the same quarter in 2020, an increase of 70%. It should be noted that sales in
the same quarter of the prior financial year were significantly impacted by the COVID-19
Excluding currency movements and acquisitions, sales increased by 61% to US$831 million.
Foreign exchange rate movements had a positive effect of US$45 million on the group's
sales for the quarter. This was mainly due to the impact of stronger average exchange
rates for the Euro, the Chinese Renminbi and the Canadian Dollar against the US Dollar,
compared to the same quarter in 2020. (RC)

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